Didi’s data wars will become the new normal
The real issue is more basic, however: It’s national security. Like all such services, Didi collects vast amounts of user location and trip route data for legitimate business purposes.
China breaks the global model of venture capital investing
Now, China’s crackdown on its ride-hailing giant Didi Global Inc. raises an uncomfortable question for the venture capital funds: Does their globe-trotting model work?
Shooting for investors: Counter-Strike world champs aim for first esport team IPO
Denmark's Astralis is set to become the first esports team to go public in a bid to cement its status in a $1.1 billion global market that's more than doubled since 2016. Astralis is ranked the world's number one in Counter-Strike: Global Offensive, a popular ...
SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments. The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with ...
U.S. blacklisting threatens to derail $1 billion Chinese tech IPO
U.S. President Donald Trump's latest salvo against China threatens to derail a $1 billion coming-out party for a prominent startup backed by Alibaba Group Holding Ltd., while curtailing the country's broader ambitions of leading artificial intelligence in the coming decade. The U.S. placed eight Chinese ...
For all the flaws in WeWork's ambitions, the system worked. Public scrutiny laid bare the gap between WeWork's ambitions and its reality.
Nasdaq cracks down on IPOs of small Chinese firms as U.S. investors elude
Nasdaq Inc. is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq's attempt to limit these stock market flotations comes as a growing number of ...
SoftBank reportedly turns against WeWork's parent CEO, Adam Neumann
SoftBank Group, the biggest investor in WeWork owner We Co., is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing startup, according to four sources. The rare showdown between SoftBank and one of its biggest investments comes after We Co. postponed ...
SoftBank's biggest backers rethink role in next Vision Fund after bet on WeWork sours
The biggest backers of SoftBank Group Corp.'s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours. Saudi Arabia's Public Investment Fund, which contributed $45 billion to the $100 billion Vision ...
Tokyo Stock Exchange emerges as global frontrunner for Saudi's Aramco IPO
Saudi Arabian Oil Co., the world's largest oil firm, is considering conducting its initial public offering in two stages, with the Tokyo Stock Exchange emerging as the international frontrunner, The Wall Street Journal reported Thursday in its online edition. The state oil giant, known as ...
Hong Kong faces losses as Chinese firms reconsider IPOs in the city
Several Chinese companies are rethinking fundraising plans in Hong Kong as anti-government protests rock the city — an ominous sign for its future as a financial gateway between Asia's largest economy and the rest of the world. One company scrapped preliminary preparations for a $500 ...
Toshiba Memory to postpone IPO to next year due to low chip demand amid trade disputes
Toshiba Memory Holdings Corp. is set to postpone its initial public offering to early next year, dropping its original target of the end of this year, due to poor earnings amid sagging demand for semiconductors, sources said Thursday. The world's second-largest producer of flash memory ...
